Investment fund Amber Capital bought part of an 8.7 percent stake in Italian gas distribution company Ascopiave that was sold by Blue Flame, sources told Reuters. "Amber bought a significant stake," said one of the sources, meaning a holding of more than 2 percent. "Several investors have come in," the source said.
1 min read · 14 February 2014
Jawbone, a maker of headsets and a fitness-tracker product, is in the process of raising $250 million in a deal that would value the company at $3.3 billion, a source familiar with the deal said on Thursday.
1 min read · 13 February 2014
Comcast Corp's proposed $45.2 billion takeover of Time Warner Cable Inc would combine the country's top two cable providers into a colossus that could reshape the U.S. pay TV and broadband industry if it clears regulatory hurdles.
5 min read · 13 February 2014
The private equity owners of Kronos Inc have rejected bids that valued the human resources software company at more than $4.5 billion, according to people familiar with the matter, leaving in limbo what would have been one of the largest technology leveraged buyouts of the last 12 months.
3 min read · 13 February 2014
Private cloud storage company Dropbox Inc plans to name Google Inc executive Dennis Woodside, CEO of Motorola Mobility, as its first Chief Operating Officer, Reuters reported.
1 min read · 13 February 2014
Canada Pension Plan Investment Board, one of the world's biggest pension fund investors, has poached the managing partner of UK private equity firm 3i's infrastructure business, sources familiar with the matter told Reuters. Cressida Hogg will take a senior role in CPPIB's infrastructure programme and will be based in London, the sources said on Wednesday. Her recruitment comes after CPPIB Chief Executive Mark Wiseman said the firm expects more infrastructure and private equity investment opportunities in 2014. Hogg spent almost two decades at 3i and founded its infrastructure business in 2005. She will leave the firm at the end of March.
1 min read · 13 February 2014
Terra Firma, the private equity fund controlled by British financier Guy Hands, said on Thursday it had asked star manager and veteran Damian Darragh to leave.
1 min read · 13 February 2014
The founding family of Britain's No. 4 grocer, Wm Morrison Supermarkets, has contacted buyout firms to gauge their interest in taking the business private in what could be the biggest UK retail purchase in seven years, Bloomberg reported.
3 min read · 12 February 2014
Specialty chemicals maker PQ Holdings Inc, backed by Carlyle Group LP, filed with U.S. regulators to raise up to $450 million in an initial public offering of common stock, Reuters reported.
2 min read · 12 February 2014
Spain's largest cable operator Ono said it was pressing ahead with its plan for a stock market sale, putting pressure on Britain's Vodafone to raise its takeover proposal, Reuters reported.
2 min read · 12 February 2014
